Portman Acquires 40 Acres To Develop Summerville Logistics Center In Charleston

National developer Portman today announces it recently purchased 40 acres of land to develop Summerville Logistics Center, a two-building industrial campus encompassing approximately 536,000 square feet in Charleston, South Carolina. Construction is slated to begin December 2023.

Located along US-78 in Dorchester County, Summerville Logistics Center will provide institutional-quality logistics space in Summerville, a rapidly growing submarket of Charleston. Portman will develop two buildings at the site, one that is approximately 260,000 square feet and another that is approximately 306,000 square feet. The site offers premier connectivity to I-26, the region’s primary transportation artery, and is approximately 25 miles from the Port of Charleston. Once complete in February 2025, the center will feature two single-load facilities with a 210’ shared truck court.

Summerville Logistics Center is being developed nine miles south of Portman’s Campus 4 at Camp Hall, a 188-acre, next-generation commerce park. John Gaskin, Managing Director of Industrial for Portman, noted the company’s “continued and growing commitment to deliver Class A logistics facilities to the Charleston industrial market.” Portman delivered three Class A buildings at Camp Hall totaling 940,000 square feet in December 2022. A fourth Class A building comprising 1,128,000 square feet is under construction and will deliver September of this year. Gaskin also noted that “Campus 4 is 92% leased, which is a testament to the strength of the overall Charleston market, from Ridgeville to Summerville.”

“As the Charleston industrial market continues to grow, Summerville has become a highly sought-after location with great accessibility to the region’s transportation network and a strong local workforce,” said Robert Conroy, Vice President of Development for the Southeast at Portman. “With our continued success at Campus 4 of Camp Hall, we look forward to continuing the positive momentum in Dorchester County with our newest project, Summerville Logistics Center. We are confident that we have assembled the best possible team to execute on this project and attract best-in-class users.”

Lee Allen and Kevin Coats with JLL represented Portman with the acquisition of the Summerville land. Ryan Welch and Clarke Attaway with Lee & Associates represented the seller and will lead the leasing efforts for the Summerville Logistics Center on behalf of Portman.

Portman’s Charleston industrial portfolio now spans 228 acres and 2.6 million square feet of space that is either delivered, under construction, or under design. Also in Charleston, Portman has partnered with Highland Resources to develop Magnolia, a 189-acre mixed-use project that will introduce a new waterfront entertainment, shopping, dining and office district for tourists and residents. Magnolia will break ground in Q3 2024.

Portman launched its industrial business line in 2021 with a mission of developing modern logistics facilities in core markets serving the U.S. supply chain. Portman’s industrial team leverages the company’s proven development platform to diversify its portfolio of over $1.2 billion in assets under management and  under construction in key markets across the U.S. including Boston, New Jersey, Philadelphia, Charleston and Austin.

To learn more about Portman, visit: https://www.portmanholdings.com/industrial.

About Portman:

Founded by famed architect John Portman in the 1950s, Portman is a privately owned national real estate investment, development and management firm focused on delivering premier quality office, hospitality, residential, industrial, and mixed-use projects prioritizing occupant experience through first class execution. The diversified, full-service company has developed nearly 80 million square feet of landmark real estate assets and currently has over 27 projects in development throughout eleven markets across the country employing an unequaled pedigree of experience, industry knowledge, and commitment to excellence. Portman has established a successful global network and has a proven track record with the world’s top financial institutions. Teams in the company’s national offices seamlessly connect to develop, finance, and manage a diverse portfolio in the key strategic and emerging markets throughout the US. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate assets and innovative, experiential places.